Brexit could impact Myanmar’s garment industry – Official

Brexit could impact Myanmar’s garment industry – Official
Parliament in London, Britain. Photo: EPA
Parliament in London, Britain. Photo: EPA

The Information and Public Relations Department under the Ministry of Information yesterday organized a talk on Brexit titled ‘Brexit or Inception of Grieves?’ state media reported.

Speaking at the event, Deputy Director Daw Ohnmar Aye from the Ministry of Planning and Finance said, “The investment of the UK has contributed 5 per cent of total FDI in Myanmar, while the export sector reached 0.03 per cent in 2017-2018 fiscal year. It is a considerable amount. So, I discussed the possible impacts on Myanmar among the global wave of Brexit. I understand the situation of Myanmar garment industry will be concerned with the success or failure of Brexit plan.’

Assistant Director Daw Myat Myint Moh from the Ministry of Foreign Affairs remarked, “The term Brexit is frequently seen in the internet, but I did not fully understand this issue. The talks have given a lot of information about Brexit to me. A salient point was the realization that Brexit will have indirect impacts on Myanmar.’

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